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SPICEJET SUN GROUP
SpiceJet says Sun Group's claims of damages are unfoundedSpiceJet and Ajay Singh refuted Kalanithi Maran and KAL Airways' Rs 1,323 crore damages claim as legally untenable. Maran plans to challeng...- SpiceJet refutes KAL, Maran's Rs 1,323 cr damages claim, terms it 'legally untenable'SpiceJet refuted the Rs 1,323 crore damages sought by Kalanithi Maran and KAL Airways as legally untenable. Maran and KAL plan to challenge...
- Kalanithi Maran to seek Rs 1,323 crore in damages from SpiceJetAccording to the Sun group, as part of a share transfer agreement signed in 2015 when Ajay Singh took over SpiceJet, Maran and KAL Airways ...
- SpiceJet and Sun Group in fresh war of words over shareholders disputeThe Delhi High Court had set aside its earlier order upholding the arbitral award in favour of Kalanithi Maran and against low-cost airline...
- No question of amicable settlement with SpiceJet: Sun GroupLast week, the Supreme Court had directed SpiceJet to pay the entire arbitral amount of Rs 380 crore to its former promoter Kalanithi Maran...
- Ajay Singh may not have to dilute stake in airlineA SpiceJet executive said the amount the airline has to pay is already deposited in an escrow account as per an earlier order of the Delhi ...
- Former promoter Kalanithi Maran seeks over Rs 2,000 crore compensation from SpiceJetMaran has sought compensation due to losses incurred because of SpiceJet’s alleged failure to issue convertible warrants and preference sha...
- Delhi court summons unfortunate, we are not tax dodgers: Kalanithi Maran, Sun GroupMaran said SpiceJet was the only company in Sun Group that 'had difficulty in making timely payments during 2014' as the industry faced 'ch...
- Deal with Sun Group merely of Rs 36.63 crore: SpiceJetSpiceJet clarified that business dealings between the airline and Sun Group had been merely of Rs 36.63 crore between FY2012 and FY2014.
- Don't fleece flyers grounded by SpiceJet's woes: DGCA"We have asked airlines to charge a reasonable fare from passengers of SpiceJet’s flights that have been cancelled at the last minute," sai...
- SpiceJet rallies 20 per cent as ex-promoter Ajay Singh may step in to defuse crisisSpiceJet finally closed 19.7 per cent higher at Rs 15.80. It hit a low of Rs 14.40 and a high of Rs 15.80 in trade today. The stock has plu...
- SpiceJet has a history of fight for survivalSpiceJet traces its lineage to a JV formed by the S K Modi Group and Lufthansa back in 1990s.
- Aviation Ministry pushes banks for SpiceJet bailout; asks to lend Rs 600 croreThe civil aviation ministry pushed for a bailout of SpiceJet on Tuesday, calling on banks to give the carrier up to Rs 600 crore.
- SpiceJet tries to assure DGCA; regulator seeks 'concrete plan'Officials at the DGCA said they wouldn’t soften their tough stand on the beleaguered carrier unless it produces a “concrete plan.”
- SpiceJet scrip ends over 3 per cent up on Boeing dealSpiceJet today rose by over 3 per cent after the company placed an order for 42 737 MAX jets with the US aircraft maker Boeing for USD 4.4 ...
- SpiceJet to issue convertible securities to promoter, may fetch budget airline nearly Rs 200 croreSpiceJet today said it would issue convertible warrants to its promoter, which could fetch the budget airline nearly Rs 200 crore at the cu...
- SpiceJet stock gains 7 per centSpiceJet today gained more than seven per cent, thereby adding Rs 151 crore to its market capitalisation, after a promoter group said it wo...
- SpiceJet needs funds, but no promoter stake sale on cards: Sun GroupSun Group said it would explore options including equity contribution from existing shareholders and raising debt.
- Maran to take over as SpiceJet chairmanSUN TV Group promoter Kalanithi Maran will take over as chairman of the budget airline SpiceJet, and an announcement to this effect is like...
- Maran's SpiceJet offer puts spotlight on TatasThe group purchased a 7.5% equity interest in SpiceJet in 2006, in what was then seen as its soft entry into airline sector for around Rs 1...
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